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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: northam who wrote (172395)4/26/2022 2:15:50 PM
From: badger31 Recommendation

Recommended By
bkcraun

  Read Replies (2) of 221579
 
thanks for that....cool charts and that is certainly one way of looking at the market.

My perspective is the Russell 2000 is down 18% yoy...Nasdaq also down double-digits...S&P and Dow just went negative..but I believe that is misleading because a very few stocks are keeping those indexes out of deep losses..and when/if those flip they will turn from floats to anchors on those indexes.

So anyways..I'm pretty much out of the market...except for a few dividend paying stocks (XOM, CVX and MO).....going to sit this one out for a while. I'm retired so loss avoidance is more important to me than capital gains at this point.

Best of luck to you...
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